Economic policies which followed in
the Sri Lanka in between 1970 -1977 and after the 1977 years are totally different.
Before 1977, Economic of Sri Lanka followed internal oriented economic
policies, such as limitation of exports and imports, limitation of the foreign exchange
currency. In these time most of the Economic policies of Sri Lanka tried to
build a national economic without any interfere of other countries. Follow
mentioned some characteristics of the economy in that time.
- Restricted for the import, in order to achieve these policy makers conducted huge amount of custom duties.
- Economic polies built policies buildup for develop import substitution industries inside the Sri Lanka. Government gave assistance for these industries.
- Strong rules for foreign currency control are conducted by policy makers. Government conducted foreign currency exchange rates. Government did not allow deciding it by market operations. Therefore in this period Sri Lanka has an over valuated exchange rate.
- Capital account and current account were closeted. Thereby peoples couldn’t exchange rupees in to foreign currencies even for use transactions of current account.
- Government controlled prices of the economy. Therefore open market mechanism was interrupted. Involvement of government for the market was high and main industries conducted by government.
In the 1977, government changed and
new president Mr. J.R. Jayawardene decided to change economic policies. He opened
the market for private section. Foreign policies were totally changed. Government
followed liberal policies Instead of the government involvement for all element
of the economy. Government allowed and promoted investment in private section. After
the 1977, policy makers follow more external oriented policies. Some characterizes
of the Economic in these years, shown below.
- Liberalization of the economy
- Decrease rules related import and exports
- Cancel the Multiple exchange rates and official exchange rates. Then, established the floating exchange rates decided according to demand and supply in exchange currency market.
- Foreign investments were increased in Sri Lankan Economy.
- Prices of the internal market mainly decided by market demand and supply, but prices of some goods and services still control by government authorities. (Bus fees, petroleum etc.)
- Industries developed armed to foreign market
The Manaslu trekking is one of the best trekking destinations in the western part of Nepal Kathmandu. The Manaslu Tsum valley trek and Manaslu area is restricted for the foreigner if you want to travel in your once life you should buy a special permit for the Manaslu trek. It is pretty expensive but after entering this area then you will feel wow this is the one of the real-life adventure and real local culture you could get a mix tradition. Here if you want to travel normally you should more than two people with a guide as if you hire porter that is your choice. The Manaslu trek starts from Soti-Khola which is reached after 7/8 hours drive from Kathmandu first day following Trisuli river then the end Budigandaki river viewing agriculture platform and tradition local houses and a lot of green hilly region jungle. This trek normally takes 14 days if include Tsum valley will be more days. The Manaslu area is locally base culture and old traditional ethnic group people living area in Nepal. All the trekking trail follows Budi –Gundaki river till the top of the Manalsu Larke which is (5106m) above the sea level most challenging all of you those travel while you are doing there.
ReplyDeleteAfter the top is going downhill which is a long way down inter the Annapurna Region. the manalsu circuit trek is finish Dharapani where is last checkpoint for the special permit someone walks till Tall then from there can drive to Besi Shar and to Kathmandu any kind of drive luxury or any kind of bus. This is trekking route you will see specifically view of the top of the high mount Manalsu lot of the other spectacular mountain view so the people uphold the trekking route to doing but the most of people feel on them anxious due to high elevation. When you doing this Manalsu Larke pass trek you should keep positively, of course, everyone can success trip Everest Trekking Routes help 100% trip success so kindly join us teamwork with ETR
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